Cedar Falls is a medium-sized city located in the state of Iowa. With a population of 40,746 people and ten associated neighborhoods, Cedar Falls is the 14th largest community in Iowa.

Cedar Falls real estate is some of the most expensive in Iowa, although Cedar Falls house values don't compare to the most expensive real estate in the U.S.

One interesting thing about the economy is that relatively large numbers of people worked from their home: 9.67% of the workforce. While this number may seem small overall, as a fraction of the total workforce this is high compared to the rest of the county. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.

In addition, Cedar Falls is a major college town that has a very high percentage of its residents over 18 years old who are college students. Naturally, collegiate life has a major influence on local Cedar Falls culture, lifestyle and entertainment options. Cedar Falls really pulses to the beat of the academic calendar. In Cedar Falls every fall, returning students reinvigorate the community, who you will notice are all over town, buying groceries, out with friends, and getting acquainted or re-acquainted with each other and Cedar Falls. One of the beneficial effects that colleges provide is that they tend to be lasting institutions that deliver direct economic benefits to the local economy in the form of such things as jobs for faculty and staff, and spending by students. Cedar Falls benefits directly from this.

Cedar Falls, while not large, also appears to be attractive to some younger, educated professionals, who help shape the character of the city.

One of the benefits of Cedar Falls is that there is very little traffic. The average commute to work is 15.55 minutes, which is substantially less than the national average. Not only does this mean that the drive to work is less aggravating, but noise and pollution levels are lower as a result.

The citizens of Cedar Falls are among the most well-educated in the nation: 49.14% of adults in Cedar Falls have a bachelor's degree or even advanced degree, whereas the average US city has 21.84% holding at least a bachelor's degree.

The per capita income in Cedar Falls in 2022 was $39,242, which is wealthy relative to Iowa, and upper middle income relative to the rest of the US. This equates to an annual income of $156,968 for a family of four. However, Cedar Falls contains both very wealthy and poor people as well.

The people who call Cedar Falls home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Cedar Falls residents report their race to be White, followed by Asian. Important ancestries of people in Cedar Falls include German, Irish, English, Norwegian, and Italian.

The most common language spoken in Cedar Falls is English. Other important languages spoken here include Spanish and Urdu.